The USDCAD is climbing this Friday following the joint release of the US and Canadian employment data. Despite rising crude...
USDCAD
In this section, you will find important USDCAD news, actionable trading ideas, and a live USDCAD chart to help you understand how the Canadian Dollar trades.
USDCAD also is known as Loonie amongst Forex traders, is the ticker symbol in FX markets that represents how many Canadian dollars you can buy with one US dollar. USDCAD is one of the major FX pairs with liquidity and narrow spreads. USDCAD is a commodity pair because the Canadian economy is a natural resources export economy. The other commodity pairs are AUDUSD and NZDUSD. Important role to the value of USDCAD plays the price of oil, due to large trading volumes of oil between the two countries. Other factors that affect the Loonie exchange rate are interest rates, unemployment, economic growth, and public deficit.
Live USDCAD Chart
Chart by TradingView
It is the first Friday of the new month, and this brings the first Non-Farm Payrolls for the year and...
The USDCAD resumed the bearish trend move after yesterday’s mild recovery, as a dovish Fed and an upbeat private-sector employment...
The USD/CAD is pushing hard to take out the 1.2800 price level for the day on rising crude oil prices...
The Bank of Canada (BoC) elected to leave its key interest rate steady at 0.25%. It also opted to leave...
The USD/CAD price is struggling ahead of the Bank of Canada (BoC) interest rate decision. The pair is trading at...
The Loonie came out the big winner in two days double billing of jobs reports from the countries straddling North...
Sign up to find out more about the USDCAD's attempt to reach 2020 lows following upbeat retail sales data.
The Loonie is gaining support from higher crude oil prices on the day, as well as stronger inflation data. According...
Head and shoulders on USDCAD points to consolidation on the right shoulder.